Fairchild Semiconductor Senior Executives to Address Strategic Financial Conferences

Business Wire, April 29, 2004

Business Editors/High-Tech Writers

32nd Annual JPMorgan Technology & Telecom Conference

SOUTH PORTLAND, Maine--(BUSINESS WIRE)--April 29, 2004

-- CFO Matt Towse to Address the 2004 Piper Jaffray Technology

Conference and the Credit Suisse First Boston Semiconductor &

Semiconductor Capital Equipment Conference

-- Treasurer Peter Groth Will Speak at the 32nd Annual JP Morgan

Technology & Telecom Conference

-- Presentations to be Webcast, Available for 30 Days

Fairchild Semiconductor (NYSE: FCS), the leading global supplier of high performance products that optimize power, today announced that senior executives from the company will speak at upcoming financial conferences.

-- Senior Vice President and Chief Financial Officer Matt Towse

will address the 2004 Piper Jaffray Technology Conference on

May 19 at 8:30 a.m. ET at the New York Palace Hotel in New

York City. Additionally, Towse will speak at the Credit Suisse

First Boston Semiconductor & Semiconductor Capital Equipment

Conference on May 26 at 8:35 a.m. PT at The Ritz-Carlton Hotel

in San Francisco. Both presentations will be webcast and

available on Fairchild's web site at

http://investor.fairchildsemi.com.

-- Vice President and Treasurer Peter Groth will address the JP

Morgan Technology & Telecom Conference on May 5 at 10 a.m. PT

at the Westin St. Francis in San Francisco. This presentation

will also be webcast and available on Fairchild's web site at

http://investor.fairchildsemi.com.

"We're seeing strong demand for power products from multiple end markets - especially consumer and display - and currently have the highest backlog level in three years," stated Towse. "Fairchild's power products, which now represent 74% of sales, are winning designs and driving revenues. Our power products are helping customers to meet the need for longer battery life, smaller and lighter power supplies, extended service life of consumer electronics and appliances, and energy efficiency guidelines such as ENERGY STAR(R) and Blue Angel.

"Operationally, Fairchild is prepared to meet power product demand with the expansion of our eight-inch wafer fabrication plant in Mountaintop, Pennsylvania, and our ongoing production ramp-up of our new assembly and test facility in Suzhou, China," continued Towse. "We've streamlined our manufacturing and invested heavily in state-of-the-art supply chain management tools, and we're ready to further increase capacity in 2004 to support our customers."

Fairchild's components manage, distribute, convert and minimize power in a broad range of end markets including computing and display, industrial, consumer, communications and automotive. New power products are gaining strong acceptance with customers, including Smart Power Modules for electric motors, air conditioners and inductive heating; Green Mode power switches for battery chargers, televisions, display and PCs; MOSFETs for notebooks, displays and plasma panels; IGBTs for ignition control and induction heating; and power supply controllers for microprocessors.

About Fairchild Semiconductor:

Fairchild Semiconductor (NYSE: FCS) is a leading global supplier of high performance products for multiple end markets. With a focus on developing leading edge power and interface solutions to enable the electronics of today and tomorrow, Fairchild's components are used in computing, communications, consumer, industrial and automotive applications. Fairchild's 10,000 employees design, manufacture and market power, analog & mixed signal, interface, logic, and optoelectronics products from its headquarters in South Portland, Maine, USA and numerous locations around the world. Please contact us on the web at www.fairchildsemi.com.

Special Note on Forward-Looking Statements:

The paragraphs above contain forward-looking statements that are based on management's assumptions and expectations and that involve risk and uncertainty. Forward-looking statements usually, but do not always, contain forward-looking terminology such as "we believe," "we expect," or "we anticipate," or refer to management's expectations about Fairchild's future performance. Many factors could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are the following: changes in overall global or regional economic conditions; changes in demand for our products; changes in inventories at our customers and distributors; technological and product development risks; availability of manufacturing capacity; availability of raw materials; competitors' actions; loss of key customers; order cancellations or reduced bookings; changes in manufacturing yields or output; and significant litigation. These and other risk factors are discussed in the company's quarterly and annual reports filed with the Securities and Exchange Commission (SEC) and available at the Investor Relations section of Fairchild Semiconductor's web site at http://investor.fairchildsemi.com or the SEC's web site at www.sec.gov.